Norwegian lithium-ion gigafactory firm FREYR has raised over a quarter of a billion dollars and completed the previously-announced JV with Nidec Corporation to develop energy storage solutions.

Gotion is in a joint venture (JV) building a lithium iron phosphate (LFP) cell gigafactory in Vietnam, targeting EV and ESS sectors.

Maoneng Group has received equity investment to fast track some of Australia’s biggest battery storage projects.

Japanese tech conglomerate Hitachi has bought the remaining 19.9% stake held in Hitachi Energy by its joint venture partner ABB.

London Stock Exchange-listed NESF has launched a joint venture partnership with developer Eelpower worth £200 million (US$233 million).

State-owned electricity company ESB and geoenergy company dCarbonX have signed a JV to explore green hydrogen storage opportunities off the coast of Ireland.

FREYR Battery and Nidec intend to form a JV for the manufacture of battery storage modules and packs.

Largo Clean Energy, part of vanadium primary producer Largo Resources, and Ansaldo Green Tech are exploring the potential of a joint venture for deploying vanadium flow batteries.

Another edition of our news in brief from the energy storage industry focusing on the bustling UK market.

Japanese financial services group Orix and regional utility company Kansai Electric building large-scale battery storage system.